Apple's Beats Acquisition May Not Be Finalized Until Next Week

Apple’s much-publicized acquisition of Beats Electronics, maker of the Beats by Dre headphones and Beats Music, may not be finalized until next week, according to “people familiar with the transaction.”

Apple’s planned deal to buy Beats Electronics for $3.2 billion may not be finalized until next week, according to people familiar with the transaction. That’s a longer timetable than some people expected as recently as a few days ago.

As previously noted, Cupertino is expected to invite both Dre and Iovine to join its executive team: as senior members of staff at Apple, the duo could help Cupertino develop its music strategy and also facilitate the company’s “sometimes contentious relationship with record labels and music publishers,” we explained.